The Easy Way to Apply for Graduate Student Loans and Save Money! |We Got the FUNK

Thursday, January 7, 2016

The Easy Way to Apply for Graduate Student Loans and Save Money!

This is a sponsored post written by me on behalf of College Ave Student Loans.  

Nearly 2 years ago I decided to take a leap and get my masters degree.  After talking with a few of my co-workers, I felt like it would be a smart financial decision in the long run to complete graduate school.  I applied to my alma mater because I was familiar with the school, the faculty and they had a great online program.  I then filled out my FAFSA and thought I would at least be awarded something.

The award letter came in and it was graduate PLUS loan.  I was happy that I had money to start school however, after researching it seems as if you can never pay them off and the interest rates on this type of loan are ridiculous.  I was running out of time, busy with a new baby and felt like I had no better choice or time to find one, so I went through with securing my first years loans through the national lender.  However, throughout the school year I was getting statements, accruing large amounts of interest and just really sad with how much I was spending compared to how little it appeared I would be making.

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I decided to do some shopping around after my first year of graduate school and I came across College Ave Student Loans. They offered many things that were in line with my expectations of a lender.

  • Graduate students who qualify save on average $1,200.00 compared to the Federal Direct Plus Loan Program.  Savings are key to life. 
  • They offer a lower fixed interest rate for those students with qualifying credit scores with no origination fee. 
  • The graduate student calculator to compare College Ave Student Loans to Federal Direct Plus Loans. 
I figured it was worth a try and I started with the Graduate student calculator. I plugged in some basic easy information and it turns out that I would have saved nearly $3,000.00 over the life of the loan with College Ave. 

College Ave Student Loans, Student Loan Application Process, How to get a graduate student loan easy, graduate student loans easy, graduate financial aid available, CollegeAveGradLoan, AD

It makes me sick to know that I am losing out on money from my first year because I did not research loans well enough.  I was on full scholarship for my undergraduate work and the small loans I took out at the end for living costs were nothing compared to 1 year of graduate school.  I am so thankful that I found College Ave Student Loans for this very reason.  Finally, a lender who is reasonable and helping college students save money in the long run. 

Naturally, I decided to prepare my application.  I figured that this would take a while and just like the FAFSA I would need 2000 pieces of paperwork, a chicken and my first born to get through it.  HA! Not even close to my expectations; less than 20 quick questions (most demographic in nature) with the hardest ones being highlighted in the photo below.  My application was complete in less than 5 minutes. 

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College Ave Student Loans, Student Loan Application Process, How to get a graduate student loan easy, graduate student loans easy, graduate financial aid available. #CollegeAveGradLoan.



This process was much easier and so much more informative than my first time applying for financial aid.  I am eager to receive my award letter for this upcoming semester and see the difference in interest rates and payment schedules.  I wish I would have known about College Ave Student Loans before I started my graduate program.  They just made my life simpler.

College Ave Student Loans, Student Loan Application Process, How to get a graduate student loan easy, graduate student loans easy, graduate financial aid available. #CollegeAveGradLoan.


Not only have they made my life simpler, but they are doing this for all their customers.  They are the leading online marketplace lender for student loans because they can give their customers a better experience, more attention, and personalized loans.  I do not know a graduate student who would not value those services.  

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Disclosure:  I was compensated for this post but my opinions and experiences are all my own.